Archives

April 5, 2023 @ 9:47 am By JD Alois  |  

Investment bank Piper Sandler (NYSE: PIPR) has posted its 45th semi-annual report on Teen preferences, which can help glean which products and services are rising and which are on the wane. At the same time, teens can be fickle, as parents will explain. The Taking… Read More

March 30, 2023 @ 3:42 pm By JD Alois  |  

Last week Block (NASDAQ:SQ) fired back at noted short-seller Hindenburg Research’s hit piece that lambasted the Fintech’s operations. The report by Hindenburg did not mince words describing Block as having embraced one traditionally very “underbanked” segment of the population: criminals. Block quickly responded, stating that… Read More

March 23, 2023 @ 9:13 am By JD Alois  |  

Shares of Block (NYSE:SQ), formerly Square, are plunging in pre-market trading following the release of a report by Hindenburg Research, a noted short seller. Hindenburg is not kind in its assessment of the Fintech, stating their 2-year investigation has concluded that Block has taken advantage… Read More

February 24, 2023 @ 9:13 am By Omar Faridi  |  

Block, Inc. (NYSE: SQ) has posted its results for the fourth quarter and full year of 2022. The Fintech reports that total net revenue was $4.65 billion in the fourth quarter of 2022, up 14% year over year. Excluding Bitcoin revenue, revenue in the fourth… Read More

November 3, 2022 @ 6:13 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) shares sank today after Q3 earnings failed to convince investors that all is good with the payments provider. PayPal apparently reported OK Q3 numbers, but the guidance worried shareholders. On the other hand, Block, formerly known as Square (NYSE:SQ), moved higher in after-hours… Read More

August 23, 2022 @ 5:20 pm By JD Alois  |  

Fitch Ratings has issued a statement affirming the Long-Term Issuer Default Rating (IDR) of Block, Inc., formerly Square (NYSE:SQ), at ‘BB’. Fitch said its outlook of Block remains “Positive” adding that its debt could decline in the coming years as EBITDA scales. Fitch affirmed the… Read More

June 2, 2022 @ 1:35 pm By JD Alois  |  

Square, part of Block (NYSE: SQ), says it will add its Tap to Pay feature on the iPhone with an Early Access Program available today and wide release later this year. Square said that it has been working with Apple (NASDAQ:AAPL) to enable Tap to… Read More

April 6, 2022 @ 9:01 am By JD Alois  |  

In a filing with the Securities and Exchange Commission (SEC) Block (NYSE:SQ), formerly Square, has acknowledged a breach of information that involved users which took place in December of last year. The company states that it is contacting around 8.2 million current and former customers… Read More